Large NFT hodler lost 100 ETH due to domain joke
The owner of 57 rare Bored Ape Yacht Club tokens, known by his Twitter nickname Franklinisbored, decided to unwind and make a prank online. To do so, he registered an ENS domain from an alternate wallet, which was named "stop-doing-fake-bids-its-onestly-lame-my-guy.eth."
Franklin hoped that the EnsBidsBot account would post a big bet on the sneering ENS, after which he would cancel it. Hodler bet 100 ETH to buy the domain and waited for developments. However, the situation quickly changed when his domain received an alternate bet of 1.9 ETH (about $2,900). The joker accepted it, but forgot to cancel his own bid.
What happened was that the buyer first bought the domain from Hodler for 1.9 ETH, and then sold it to him for 100 ether. By the time Franklin came to his senses, it was already too late. The cryptocurrency was written off, and he was left owning the beautiful "stop fake betting" domain.
The owner of 57 rare Bored Ape Yacht Club tokens, known by his Twitter nickname Franklinisbored, decided to unwind and make a prank online. To do so, he registered an ENS domain from an alternate wallet, which was named "stop-doing-fake-bids-its-onestly-lame-my-guy.eth."
Franklin hoped that the EnsBidsBot account would post a big bet on the sneering ENS, after which he would cancel it. Hodler bet 100 ETH to buy the domain and waited for developments. However, the situation quickly changed when his domain received an alternate bet of 1.9 ETH (about $2,900). The joker accepted it, but forgot to cancel his own bid.
What happened was that the buyer first bought the domain from Hodler for 1.9 ETH, and then sold it to him for 100 ether. By the time Franklin came to his senses, it was already too late. The cryptocurrency was written off, and he was left owning the beautiful "stop fake betting" domain.
According to Bloomberg, the SEC has opened an investigation into BNB against Binance - the regulator wants to determine whether the exchange violated securities laws in the process of selling the token five years ago.
In addition, the SEC is looking into possible abuses by Binance insiders, as well as investigating market makers associated with CZ.
The Securities and Exchange Commission (SEC) said they do not have any documents or records of the investigation into Binance and BNB.
"The information from Bloomberg is just another clickbait article compromising Binance."
In addition, the SEC is looking into possible abuses by Binance insiders, as well as investigating market makers associated with CZ.
The Securities and Exchange Commission (SEC) said they do not have any documents or records of the investigation into Binance and BNB.
"The information from Bloomberg is just another clickbait article compromising Binance."
Mike Novogratz Foundation bought Ethereum for $75 million
According to Trustnode, billionaire Mike Novogratz's fund called the Institutional Ethereum Fund bought the cryptocurrency Ethereum for $75.6 million.
The purchase was made by 21 of the fund's investors, each of whom invested at least $100,000 in the transaction. All funds were invested directly in Ethereum at a price based on the Bloomberg Galaxy Ethereum Index. Gemini Exchange acted as the custodian.
Trustnode believes one of the 21 investors could be Goldman Sachs Bank.
According to Trustnode, billionaire Mike Novogratz's fund called the Institutional Ethereum Fund bought the cryptocurrency Ethereum for $75.6 million.
The purchase was made by 21 of the fund's investors, each of whom invested at least $100,000 in the transaction. All funds were invested directly in Ethereum at a price based on the Bloomberg Galaxy Ethereum Index. Gemini Exchange acted as the custodian.
Trustnode believes one of the 21 investors could be Goldman Sachs Bank.
"Works like clockwork," the Plan B analyst wrote.
That's how he described the effectiveness of his new chart, which shows the percentage of bitcoins in circulation that are at a loss.
The multicolored dots in the picture tell us that about 40% of bitcoins are at a loss, and that means we are trading near the bottom.
Plan B loves colorful and brightly colored charts, and the best part is they all predict us ToTheMoon 🤩🤩
That's how he described the effectiveness of his new chart, which shows the percentage of bitcoins in circulation that are at a loss.
The multicolored dots in the picture tell us that about 40% of bitcoins are at a loss, and that means we are trading near the bottom.
Plan B loves colorful and brightly colored charts, and the best part is they all predict us ToTheMoon 🤩🤩
The complexity of BTC mining has fallen further
As a result of another recalculation, the complexity of mining "digital gold" decreased by 5.01% (the figure was 27.69 T). This is the most record drop in mining complexity since the beginning of the year. The computing power of the first cryptocurrency's network has been decreasing almost continuously since May.
🇨🇳The last time such dynamics was observed against the background of the departure of Chinese miners from the market. However, now it is mostly due to the reduction of the share of large mining companies in the total hash rate.
As a result of another recalculation, the complexity of mining "digital gold" decreased by 5.01% (the figure was 27.69 T). This is the most record drop in mining complexity since the beginning of the year. The computing power of the first cryptocurrency's network has been decreasing almost continuously since May.
🇨🇳The last time such dynamics was observed against the background of the departure of Chinese miners from the market. However, now it is mostly due to the reduction of the share of large mining companies in the total hash rate.
Sam Bankman-Fried is a kind crypto-Samaritan
He expressed optimism about the development of the FTX cryptocurrency exchange and confirmed that he is still confident in the need to play the role of "lender of last resort."
Industry losses will not affect the business.
True, the head of FTX didn't forget to mention the "ton of calls" from "troubled companies" that pestered him in the first weeks of the crypto-winter😁
The associated losses won't even stop the company from going into the black! Sam Bankman-Fried said FTX's earnings are "roughly in line with last year's numbers."
How and why?
Amid a deteriorating environment, market share gains are contributing to it.
In short, the head of FTX expressed the general positive sentiment that most people want to hear from him.
And, it should be noted, this optimism is really justified😉
He expressed optimism about the development of the FTX cryptocurrency exchange and confirmed that he is still confident in the need to play the role of "lender of last resort."
Industry losses will not affect the business.
True, the head of FTX didn't forget to mention the "ton of calls" from "troubled companies" that pestered him in the first weeks of the crypto-winter😁
The associated losses won't even stop the company from going into the black! Sam Bankman-Fried said FTX's earnings are "roughly in line with last year's numbers."
How and why?
Amid a deteriorating environment, market share gains are contributing to it.
In short, the head of FTX expressed the general positive sentiment that most people want to hear from him.
And, it should be noted, this optimism is really justified😉
❤1
Curious way to fence off crypto-traders from Argentine government
The country's central bank (BCRA) has restricted their access to the single currency exchange market and, most importantly, restricted their ability to buy U.S. dollars.
The ban applies to anyone who has bought cryptocurrency with the Argentine peso in the past 90 days.
Why does the Argentine central bank need this?
To find the answer to this question, you only need to say one number "64" which is the percentage of annual inflation in the country (one of the highest in the world). With such restrictions, the country is simply limiting capital outflows in order to reduce the rate of inflation🙌🏻.
And people are trying to save their savings, including by investing them in crypto...
We've seen something like this somewhere before🙃
What's interesting, in Argentina in May one of the largest banks opened the possibility to buy cryptocurrency. But the central bank quickly shut it down.
The country's central bank (BCRA) has restricted their access to the single currency exchange market and, most importantly, restricted their ability to buy U.S. dollars.
The ban applies to anyone who has bought cryptocurrency with the Argentine peso in the past 90 days.
Why does the Argentine central bank need this?
To find the answer to this question, you only need to say one number "64" which is the percentage of annual inflation in the country (one of the highest in the world). With such restrictions, the country is simply limiting capital outflows in order to reduce the rate of inflation🙌🏻.
And people are trying to save their savings, including by investing them in crypto...
We've seen something like this somewhere before🙃
What's interesting, in Argentina in May one of the largest banks opened the possibility to buy cryptocurrency. But the central bank quickly shut it down.
A South Korean official stole budget money and laundered it through BTC
The employee had access to the coaches' salary fund and money allocated as subsidies to teams and individual athletes, the fraudster was able to bypass internal monitoring systems and took advantage of some loopholes - the woman transferred stolen money to her husband's account, then the spouses spent money together on investments in cryptoassets, including the woman said that she invested some money herself in BTC.
As a result, Mokpo's sports committee lost ~$365,000 and is now unable to pay their staff salaries.
The employee had access to the coaches' salary fund and money allocated as subsidies to teams and individual athletes, the fraudster was able to bypass internal monitoring systems and took advantage of some loopholes - the woman transferred stolen money to her husband's account, then the spouses spent money together on investments in cryptoassets, including the woman said that she invested some money herself in BTC.
As a result, Mokpo's sports committee lost ~$365,000 and is now unable to pay their staff salaries.
Gentlemen, the Binance lottery.
You can win BUSD (it's a Binance Stable, in case anyone didn't know):
1. Go to the Binance mobile app and click on the little man icon in the upper left corner.
2. Go to the menu Pay and select the section "Play for 1$".
3. Now transfer 1 BUSD from the spot wallet to the recharge wallet.
Now click on "Get Involved".
If you win, you'll get a coupon for 5,000 BUSD, but if your ticket doesn't win, you'll just get 1 BUSD back.
In such a simple way, Binance forces users to get active and popularize the BUSD stack.
You can win BUSD (it's a Binance Stable, in case anyone didn't know):
1. Go to the Binance mobile app and click on the little man icon in the upper left corner.
2. Go to the menu Pay and select the section "Play for 1$".
3. Now transfer 1 BUSD from the spot wallet to the recharge wallet.
Now click on "Get Involved".
If you win, you'll get a coupon for 5,000 BUSD, but if your ticket doesn't win, you'll just get 1 BUSD back.
In such a simple way, Binance forces users to get active and popularize the BUSD stack.
⚖️ Plan B gave statistics on the distribution of bitcoins into two groups:
1. Investors in the plus (bought from 2009-2020 at an average price of $8000), they hold about 60% of all BTC and are waiting for the bull run
2. Investors are in red (they bought in 2021-2022 at the average price $43000), they hold about 40% of all BTC and are afraid that this time it will be different.
1. Investors in the plus (bought from 2009-2020 at an average price of $8000), they hold about 60% of all BTC and are waiting for the bull run
2. Investors are in red (they bought in 2021-2022 at the average price $43000), they hold about 40% of all BTC and are afraid that this time it will be different.
Hackers broke into the decentralized Audius platform
On July 23, an unknown person withdrew about $6 million in digital assets from the wallets of the Audius platform.
According to CertiK, the hacker modified the platform's smart contract configuration, which allowed him to manipulate votes.
After that, he posted an offer to manage the project, which involved transferring AUDIO 18 million to a third-party wallet, and voted in its favor.
AUDIO's price dropped 15% on the news. After suspending the smart contracts for 2 days, the developers have already re-launched Audius.
On July 23, an unknown person withdrew about $6 million in digital assets from the wallets of the Audius platform.
According to CertiK, the hacker modified the platform's smart contract configuration, which allowed him to manipulate votes.
After that, he posted an offer to manage the project, which involved transferring AUDIO 18 million to a third-party wallet, and voted in its favor.
AUDIO's price dropped 15% on the news. After suspending the smart contracts for 2 days, the developers have already re-launched Audius.
🐶 The developers of meme-cryptocurrency TeddyDoge robbed users of $4.5 million by stealing all liquidity (10,000 BNB and 2 million BUSD).
The native token of the TEDDY project collapsed by 99.4% in a short period of time.
The native token of the TEDDY project collapsed by 99.4% in a short period of time.
X (formerly Twitter)
PeckShieldAlert (@PeckShieldAlert) on X
#PeckShieldAlert #rugpull TeddyDoge @DRAC_Network is soft rugpull. $Teddy has dropped -99.4%. The assets currently sit in https://t.co/3zu55iZAWX (accumulatively receive ~10k $BNB & 2m $BUSD) and are slowly transferred to @Binance
Teddy Doge meme token fell by 100% in 24 hours.
Greetings to little fans of cryptocurrencies! Today, on the example of Teddy Doge meme token, I'll tell you what a Rug Pull is.
Rug Pull is a type of scam, when cryptoproject team builds a hype around a coin, people buy it, the price goes up, and then creators suddenly dump all their coins on hawks and withdraw liquidity.
It seems that this is the fate that befell Teddy Doge - RIP, as they say 🙂 .
That's why I remind you: investments in crypto are high risk, and investments in meme-tokens - it's the purest lottery, the purest, so if you load your money into such coins - be ready to say goodbye to them maximally quickly :)
Creators of Teddy Doge withdrew $4.5 million - the amount is not striking, but it's enough for a good life for founders (with the proper level of financial literacy 🙂 ).
Greetings to little fans of cryptocurrencies! Today, on the example of Teddy Doge meme token, I'll tell you what a Rug Pull is.
Rug Pull is a type of scam, when cryptoproject team builds a hype around a coin, people buy it, the price goes up, and then creators suddenly dump all their coins on hawks and withdraw liquidity.
It seems that this is the fate that befell Teddy Doge - RIP, as they say 🙂 .
That's why I remind you: investments in crypto are high risk, and investments in meme-tokens - it's the purest lottery, the purest, so if you load your money into such coins - be ready to say goodbye to them maximally quickly :)
Creators of Teddy Doge withdrew $4.5 million - the amount is not striking, but it's enough for a good life for founders (with the proper level of financial literacy 🙂 ).
"Courses on the metaverse" - wouldn't you wish to have an optional course at your university?
The engineering students at the University of Tokyo will have such a course. A series of curricula in virtual worlds will appear at the end of 2022🥽
The initiative will allow learning information technology, artificial intelligence and programming regardless of gender, age, social status and place of residence.
Even schoolchildren will be taught about the meta-universe and the prospects in this industry.
Of course, such an initiative is created for a reason.
The main goal of the project is to eliminate the shortage of personnel in the field of digital transformation🙌🏻
The engineering students at the University of Tokyo will have such a course. A series of curricula in virtual worlds will appear at the end of 2022🥽
The initiative will allow learning information technology, artificial intelligence and programming regardless of gender, age, social status and place of residence.
Even schoolchildren will be taught about the meta-universe and the prospects in this industry.
Of course, such an initiative is created for a reason.
The main goal of the project is to eliminate the shortage of personnel in the field of digital transformation🙌🏻
❤1
🤖 The famous Briton, who accidentally threw away a hard drive with 7,500 BTC (~$158 million) in 2013, will buy from Boston Dynamics two search robots-dogs worth $75,000 each, which will be named Satoshi and Hal. Woe crypto-guy wanna use them to find a disc with BTC.
It's worth noting that the search area is 40,000 square meters and goes down to a depth of about 15 meters, and the mass of the debris there reaches 400,000 tons.
It's worth noting that the search area is 40,000 square meters and goes down to a depth of about 15 meters, and the mass of the debris there reaches 400,000 tons.
👍1
Yuga Labs accused of pumping its own NFTs and token
Law firm Scott+Scott announced plans to file a class action lawsuit against the creators of the Bored Ape Yacht Club and ApeCoin (APE) NFT collection.
💬"Once it was revealed that the touted growth was entirely dependent on continued promotion (as opposed to actual utility or underlying technology), retail investors were left with tokens that had lost over 87% from the inflated price high on April 28, 2022," Scott+Scott said.
So far, the lawsuit is in the preliminary stage of finding participants - the complaint has not been sent to court.
Law firm Scott+Scott announced plans to file a class action lawsuit against the creators of the Bored Ape Yacht Club and ApeCoin (APE) NFT collection.
💬"Once it was revealed that the touted growth was entirely dependent on continued promotion (as opposed to actual utility or underlying technology), retail investors were left with tokens that had lost over 87% from the inflated price high on April 28, 2022," Scott+Scott said.
So far, the lawsuit is in the preliminary stage of finding participants - the complaint has not been sent to court.
U.S. president turns his attention to cryptocurrencies
Joe Biden said that at the moment he and his administration are working on a new document, which deals with the topic of digital currencies.
The head of the country noted that this asset class is the electronic equivalent of cash and it is necessary to make this market fully transparent.
According to the president, it is extremely important to exclude the possibility of using cryptocurrencies for fraudulent and other criminal purposes. In addition, he instructed the government to study the impact of mining on the climate and take into account the amount of energy consumption.
Joe Biden said that at the moment he and his administration are working on a new document, which deals with the topic of digital currencies.
The head of the country noted that this asset class is the electronic equivalent of cash and it is necessary to make this market fully transparent.
According to the president, it is extremely important to exclude the possibility of using cryptocurrencies for fraudulent and other criminal purposes. In addition, he instructed the government to study the impact of mining on the climate and take into account the amount of energy consumption.
The U.S. economy has entered a technical recession
According to the results of April-June 2022 the GDP of the USA declined by 0.9% in comparison to the first quarter. Taking into account the 1.6% drop in January-March the economy entered a technical recession.
The day before, Fed Chairman Jerome Powell urged not to give much weight to the upcoming macrostatistics release.
“I do not think the U.S. is currently in a recession and the reason is there are too many areas of the economy that are performing too well,” Powell said during a press conference on Wednesday. “You tend to take first GDP reports with a grain of salt,” he added.
Treasury Secretary also urged that the current situation should not be called a recession, but limited to the notion of a "slowing economy”.
Well, whatever you call it, but a drop in GDP for two quarters in a row is a recession.
According to the results of April-June 2022 the GDP of the USA declined by 0.9% in comparison to the first quarter. Taking into account the 1.6% drop in January-March the economy entered a technical recession.
The day before, Fed Chairman Jerome Powell urged not to give much weight to the upcoming macrostatistics release.
“I do not think the U.S. is currently in a recession and the reason is there are too many areas of the economy that are performing too well,” Powell said during a press conference on Wednesday. “You tend to take first GDP reports with a grain of salt,” he added.
Treasury Secretary also urged that the current situation should not be called a recession, but limited to the notion of a "slowing economy”.
Well, whatever you call it, but a drop in GDP for two quarters in a row is a recession.
Bitcoin and ether surpassed all expectations in just a few days
The world's first cryptocurrency rose to $22,000 on the back of the U.S. Federal Reserve's recent key rate hike (to 2.25-2.5%).
And the total capitalization of the cryptocurrency market exceeded $1 trillion again.
The day before, it had fallen below this bar.
Today, bitcoin has not only crossed the $23,000 line, but is trading around $24,000 - $23,836 at the time of writing this post.
Ethereum is trading at $1,728.
Renowned analyst Michael van de Poppe noted that Fed Chairman Jerome Powell is leaning toward easing monetary policy. He stressed that the markets are positively influenced by Ethereum's move to Proof-of-Stake and the fact that the events surrounding Three Arrows Capital and Celsius "are already priced in."
Let's watch where these and upcoming events will lead the two major coins🤔
The world's first cryptocurrency rose to $22,000 on the back of the U.S. Federal Reserve's recent key rate hike (to 2.25-2.5%).
And the total capitalization of the cryptocurrency market exceeded $1 trillion again.
The day before, it had fallen below this bar.
Today, bitcoin has not only crossed the $23,000 line, but is trading around $24,000 - $23,836 at the time of writing this post.
Ethereum is trading at $1,728.
Renowned analyst Michael van de Poppe noted that Fed Chairman Jerome Powell is leaning toward easing monetary policy. He stressed that the markets are positively influenced by Ethereum's move to Proof-of-Stake and the fact that the events surrounding Three Arrows Capital and Celsius "are already priced in."
Let's watch where these and upcoming events will lead the two major coins🤔